For property "came from" finally... news about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The Verkhovna Rada has changed the funding mechanism for the construction of housing. Funds of operations with real estate...To the property is approached responsiblyThe Verkhovna Rada has changed the funding mechanism for the construction of housing. Funds of operations with real estate (the BACKGROUND) will now be solely responsible to builders and investors, which will provide guarantees for housing. Market participants are positive about the establishment of regulatory standards, but the BACKGROUND getting ready to lower profits.Yesterday deputies of the Verkhovna Rada adopted in first reading bill No. 1418 "On amendments to some legislative acts (regarding the improvement of mechanisms for the implementation of investments in housing construction)". The document clearly allocates responsibilities between the developer, the investor and the Manager, which should ensure the implementation of commitments by all participants of housing construction. The law prescribes that the investor will be assigned an apartment, obtained after the completion of construction, so that the Trustee could not sell the home to several investors.In funds of operations with real estate you can invest only through purchases of certificates BACKGROUND, which will be equivalent to mutual securities. The minimum share capital will amount to 5 million euros cash or material resources. For failure to comply with obligations to builders and investors management BACKGROUND will bear administrative responsibility. The adoption of this law, the deputies explained the need "to prevent the negative effects associated with fraud, a similar action of the group of companies "Elite-center'".Developers reacted positively to the initiative of deputies. "Now clearly spelled out the responsibilities of the parties that will allow developers to perform its direct functions",- said General Director of company "gradostroi" Viktor Vlasov. According to first Vice President of the holding company "Kyivmiskbud" Stanislaw Martyniuk, the construction company will be immune to the charges against them on the part of investors: "We carry out building work - no more than that. But just what happens, financial claims in a hurry to show us. Now it's clear who will bear the responsibility.".